Swiss to Vote on Central Bank's Gold

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

ZURICH--Swiss voters will decide Nov. 30 on an initiative that would force the country's central bank to more than double its gold holdings, a prospect that has rattled markets and drawn opposition from the government, lawmakers and business groups. The ...

Global Business Optimism Turns Down in October

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Kathleen Madigan Businesses in the U.S. and around the world are taking a dimmer view of the future, according to a global survey released Monday, leading to cutbacks in employment and spending plans. Optimism among 6,100 companies surveyed by ...

Europe Stocks Rise on Draghi's Stimulus Hints

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Josie Cox European shares rose tentatively in early trade Monday, still feeling the effects of last week's hints at further stimulus from Mario Draghi. In early trade, the Stoxx Europe 600 was 0.1% higher, while Paris's CAC gained 0.2% ...

ECB's Nowotny Upbeat on CEE Growth Prospects

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

VIENNA--European growth potential is highest in Central, Eastern and South-Eastern Europe despite lower levels of investments in the region, a member of the European Central Bank's governing council said Monday. The catching-up the region has to do in terms of ...

German Business Sentiment Rises -Update

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Brian Blackstone FRANKFURT--German business sentiment unexpectedly increased in November, a closely watched survey showed, suggesting Europe's largest economy is slowly finding its footing after struggling to expand in recent months. The Ifo Institute said Monday that its monthly business ...

CURRENCIES: Euro Rises After Surprise Rise In German Business Mood

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- The euro climbed against most major currencies on Monday after the closely watched Ifo survey showed German business confidence unexpectedly improved in November. The shared currency (EURUSD) exchanged hands at $1.2409, up from ...

Oil Prices Slip as OPEC Meeting Looms

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Nicole Friedman Oil prices fell Monday on expectations that the Organization of the Petroleum Exporting Countries would not cut production enough to reduce a global glut of oil. Light, sweet oil for January delivery slipped 61 cents, or 0.8%, ...

Greek Officials Hope to Break Deadlock on Reform

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

ATHENS--Greek officials will meet with the country's troika of international inspectors in Paris on Tuesday in a bid to jump-start deadlocked talks over Greece's reform and austerity program. Talks with the troika--made up of representatives from the European Commission, the ...

China Rate Cut Supports Oil Prices; OPEC Meeting Looms

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Eric Yep Crude-oil futures were supported by last week's surprise interest rate cuts by China even as markets brace for the highly anticipated meeting of the Organization of the Petroleum Exporting countries later this week. On the New York ...

German Business Sentiment Rises

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Brian Blackstone FRANKFURT--German business sentiment unexpectedly increased in November, a closely watched survey showed, suggesting Europe's largest economy is slowly finding its footing after struggling to expand in recent months. The Ifo Institute said Monday that its monthly business ...

BT in Talks to Buy Telefonica's U.K. Unit -- 2nd Update

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Simon Zekaria LONDON-- BT Group PLC on Monday said it is in talks to buy Telefonica SA's U.K. mobile business, 02, as the British telecom incumbent lays out its ambitions to be a fully-fledged wireless operator in the U.K.'s ...

Bundesbank Says Reforms Needed to Spur Growth

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

FRANKFURT--The eurozone economy can only achieve lasting growth if governments make reforms to labor and financial markets to unleash investment and spur productivity, German central bank president Jens Weidmann said Monday. "The biggest problem besetting the euro area today is ...

China Central Bank Cut in Rates May Be Short on Impact

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Lingling Wei BEIJING--China's move to slash lending rates to help slowing growth may lack punch, as Chinese banks likely will remain reluctant to lower loan rates for fears of hurting their profits. The People's Bank of China on Friday ...

China Stock Surge Before Rate Cut Raises Investors' Worries

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Shen Hong SHANGHAI--A sudden surge in China's stocks Friday, hours before Beijing cut interest rates, has drawn complaints from some investors who suspect word of the central bank's surprise move to pump up growth was leaked to the market ...

Putin Circumspect on Re-Election

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

MOSCOW--Russian President Vladimir Putin said he would not retain his post forever, but doesn't rule out running in 2018, and said the Western sanctions against Moscow violate human rights and are aimed at sowing discord in Russian society. In an ...

Charoen Pokphand Group Denies $10 Billion Buyback of Tesco's Thai Unit

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Warangkana Chomchuen BANGKOK--Charoen Pokphand Group, Thailand's leading conglomerate, on Monday denied reports that it was considering buying back a local supermarket chain from British retailer Tesco PLC (TSCDY). "The reports in the media had no ground," Dhanin Chearavanont, chairman ...

Singapore October CPI +0.1% On Year; DJ Poll Tipped +0.5%

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Gaurav Raghuvanshi SINGAPORE--Singapore's consumer prices rose at a slower-than-expected pace in October, due to a decline in private road transport and housing costs. The consumer-price index rose 0.1% year-on-year in October, compared with the median estimate for a 0.5% ...

Europe Stocks Rally -- Update

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

By Josie Cox European stocks and bonds rallied in early trade Monday, still encouraged by hints of further stimulus from European Central Bank President Mario Draghi last week and even though data showing stronger than expected German business sentiment may ...

Europe Stocks Rise on Stimulus Hints

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

European shares rose tentatively in early trade Monday, still feeling the effects of last week's hints at further stimulus from Mario Draghi. In early trade, the Stoxx Europe 600 was 0.1% higher, while Paris's CAC gained 0.2% and London's FTSE ...

Poland Aims To Secure 25% Of 2015 Borrowing Needs by end-Dec

TODAY: Nov. 24, 2014 PUB DATE: Nov. 24, 2014

WARSAW--Poland's finance ministry plans to secure around quarter of its targeted borrowing needs for 2015 by the end of December even though it has only one more switching auction planned for this year, Piotr Marczak, head of the ministry's debt ...